Whistleblower News: City National Rochdale To Pay More Than $30M for Undisclosed Conflicts Of Interest, Pain Clinic Owners Convicted Of Unlawfully Distributing Opioids And Health Care Fraud, Sacklers To Pay Up To $6Bln To Resolve Purdue Opioid Lawsuits
City National Rochdale to Pay More Than $30 Million for Undisclosed Conflicts of Interest
SEC
The Securities and Exchange Commission today announced that registered investment adviser City National Rochdale, LLC (CNR) has agreed to pay more than $30 million to settle charges that its undisclosed conflicts of interest defrauded current and prospective clients. The money CNR pays will be placed into an SEC Fair Fund for distribution to harmed investors. read more »
Pain Clinic Owners Convicted of Unlawfully Distributing Opioids and Multimillion-Dollar Health Care Fraud
DOJ
A federal jury convicted a Tennessee physician and his wife yesterday in the Northern District of Alabama for unlawfully distributing opioids, providing unnecessary services and defrauding insurers from their now-shuttered Alabama clinics. read more »
Sacklers to pay up to $6 bln to resolve Purdue opioid lawsuits - mediator
REUTERS
The Sackler family owners of Purdue Pharma LP reached a deal with nine state attorneys general to pay up to $6 billion in cash to resolve widespread litigation alleging that they fueled the U.S. opioid epidemic, bringing the OxyContin maker closer to exiting bankruptcy. read more »
